New Home Sales- Homes for Sale in Atlanta

By
Real Estate Agent with America's Network Realty Group, Inc

The Commerce Department reported (Wall Street Journal, Feb. 25, 2011) the sales of new homes declined 12.6% in January.  New homes have faced tough competition from the resale market due to foreclosures.   In previous years a foreclosure often needed work.  In today’s market many of the foreclosures are move in ready.  Americas Network Realty Group Inc Susan Jackson

The median price of a new home in January was $239,600.  The median price for a previously owned home was $158,800 according to the National Association of Realtors.  The resale cannot be compared to the new home, but a home a few years older than the new home at a substantially reduced price, may offer you more bang for your buck.

BTW, mortgage rates dropped last week according to Freddie Mac’s weekly survey.   The 30 year fixed rate was 4.95%. 

Now is the time to purchase that home you have always dreamed about.

Posted by

Susan Jackson, Associate Broker

Americas Network Realty Group, Inc

1532 Dunwoody Village Parkway

Atlanta, Georgia 30338

Office: 770-551-5850     Direct: 770-551-5852   Fax: 770-551-5866

Email: sjacksonhomes@gmail.com

Website: www.kstrealty.com

Americas Network Realty Group, Inc

Comments (1)

Bob Pfeiffer
McBride Kelly & Associates - Tampa, FL

Susan,

Just saw your blog - sounds like Atlanta is becoming affordable again!  By the way, if you know of anyone looking to move to the Sunshine State, refer them to me and I will gladly pay a 30% referral fee on any resulting closed transaction.

Feb 27, 2011 07:54 AM